Move under ‘Be Part of Dubai’ initiative
DUBAI 20 November 2019: The Dubai Chamber of Commerce and Industry has signed a Memorandum of Understanding with the General Directorate of Residency and Foreigners Affairs (GDRFA), and the Dubai Free Zone Council to launch the “Be Part of Dubai” initiative, which will see prominent businessmen receive UAE Golden Residency Visas.
The MoU, signed at a launch ceremony held on the sidelines of the Global Business Forum Africa 2019 in Dubai, supports ongoing efforts to attract and retain high-net-worth investors from Africa by providing them with an easy and streamlined way to obtain long-term visa residency visas.
The strategic partnership agreement was signed by Hamad Buamim, President and CEO of Dubai Chamber; Major General Mohamed Ahmed Al Marri, Director-General of GDRFA, and Dr. Mohammed Al Zarooni, Secretary-General of Dubai Free Zones Council.
As part of the agreement, the three entities will work together to identify priority sectors for attracting investments to Dubai, in line with Dubai’s income diversification targets. They will also collaborate to familiarise businessmen with the nature and scale of opportunities available in key economic sectors, as well as with the incentives offered to foreign investors in Dubai.
The ‘Be Part of Dubai’ initiative is part of emirate’s efforts to attract high-net-worth individuals who can make a significant contribution to the economy, in addition to enhancing the confidence of investors by providing them and their families with more flexibility in terms of livelihood and transportation.